{"id":3020,"date":"2012-06-05T11:33:33","date_gmt":"2012-06-05T11:33:33","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=3020"},"modified":"2012-06-05T11:34:13","modified_gmt":"2012-06-05T11:34:13","slug":"home-prices-lowest-since-2002","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/home-prices-lowest-since-2002\/","title":{"rendered":"Home prices lowest since 2002"},"content":{"rendered":"<h2>Home prices lowest since 2002.<\/h2>\n<div id=\"attachment_3021\" style=\"width: 475px\" class=\"wp-caption alignleft\"><a href=\"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2012\/06\/home-prices.gi_.top_.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-3021\" class=\"size-full wp-image-3021\" title=\"Home prices lowest since 2002\" src=\"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2012\/06\/home-prices.gi_.top_.jpg\" alt=\"Home prices lowest since 2002\" width=\"475\" height=\"307\" \/><\/a><p id=\"caption-attachment-3021\" class=\"wp-caption-text\">Home prices lowest since 2002<\/p><\/div>\n<p>NEW YORK (CNNMoney) &#8212; Home prices hit new post-bubble lows in March, according to a report out Tuesday.<\/p>\n<p>Average home prices were down 2.6% from 12 months earlier, according to the S&amp;P\/Case-Shiller home price index of 20 major markets. <strong>Home prices<\/strong> have not been this low since mid-2002.<\/p>\n<p>&#8220;While there has been improvement in some regions, housing prices have not turned,&#8221; said David Blitzer, spokesman for S&amp;P.<\/p>\n<p>Although five cities &#8212; Atlanta, Chicago, Las Vegas, New York and Portland &#8212; saw average home prices hit new lows, that&#8217;s an improvement from last month&#8217;s report, in which nine cities notched new lows, Blitzer noted.<\/p>\n<h3>Where home prices are rising fastest<\/h3>\n<div><\/div>\n<p>In 13 of the 20 cities, average <em>home prices<\/em> fell in March from the year before. Atlanta fared the worst, with home prices down 17.7% year over year. Home prices in Atlanta, Cleveland, Detroit and Las Vegas are all below their January 2000 levels.<\/p>\n<p>Alternatively, Phoenix posted the largest gain, with prices up 6.1% from last year. Other cities showing an uptick included Dallas, Denver and Miami.<\/p>\n<p>Overall, the 20-city composite is down about 35% from its peak in 2006.<\/p>\n<div>Most affordable U.S. cities to buy a home<\/div>\n<p>Experts say affordable mortgages, combined with much lower home prices, should help to bolster the housing market.<\/p>\n<p>&#8220;It&#8217;s probably the best time to buy a home in decades,&#8221; said Pat Newport, an analyst for IHS Global Insight.<\/p>\n<p><object id=\"ep\" width=\"384\" height=\"356\" classid=\"clsid:d27cdb6e-ae6d-11cf-96b8-444553540000\" codebase=\"http:\/\/download.macromedia.com\/pub\/shockwave\/cabs\/flash\/swflash.cab#version=6,0,40,0\"><param name=\"allowfullscreen\" value=\"true\" \/><param name=\"allowscriptaccess\" value=\"always\" \/><param name=\"wmode\" value=\"transparent\" \/><param name=\"src\" value=\"http:\/\/i.cdn.turner.com\/money\/.element\/apps\/cvp\/4.0\/swf\/cnn_money_384x216_embed.swf?context=embed&amp;videoId=\/video\/news\/2012\/03\/30\/n_house_flipping.cnnmoney\" \/><embed id=\"ep\" width=\"384\" height=\"356\" type=\"application\/x-shockwave-flash\" src=\"http:\/\/i.cdn.turner.com\/money\/.element\/apps\/cvp\/4.0\/swf\/cnn_money_384x216_embed.swf?context=embed&amp;videoId=\/video\/news\/2012\/03\/30\/n_house_flipping.cnnmoney\" allowfullscreen=\"true\" allowscriptaccess=\"always\" wmode=\"transparent\" \/><\/object><\/p>\n<p>&#8220;But the problem is that unless you have good credit, you are probably going to have trouble qualifying for a loan,&#8221; he added, referring to overly tight lending conditions.<\/p>\n<p>Last week, a report by the National Association of Realtors showed that home sales jumped in April. Sales of new homes were also higher in April, according to a separate government report.<\/p>\n<p>&#8220;This might be a strong season, but there&#8217;s a good chance we&#8217;ll continue down for years still,&#8221; said Robert Shiller, professor of economics at Yale University. &#8220;There&#8217;s too much uncertainty.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Home prices lowest since 2002. NEW YORK (CNNMoney) &#8212; Home prices hit new post-bubble lows in March, according to a report out Tuesday. Average home prices were down 2.6% from 12 months earlier, according to the S&amp;P\/Case-Shiller home price index of 20 major markets. Home prices have not been this low since mid-2002. &#8220;While there &hellip; <\/p>\n<p><a class=\"more-link btn\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/home-prices-lowest-since-2002\/\">Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-3020","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Home prices lowest since 2002 - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"description\" content=\"Home prices lowest since 2002. 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Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both. Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary. Anthony DiDonato believes in taking his profession to the highest level of quality service. 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Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both. Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary. Anthony DiDonato believes in taking his profession to the highest level of quality service. He is known for finding that \u201cperfect\u201d property in Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania for his buyers and helping his sellers prepare their properties so they sell quickly and efficiently. When it comes time to negotiate the terms of a contract, Anthony DiDonato has the knowledge, experience, and professionalism applied to meeting \u2013 or exceeding \u2013 his clients\u2019 expectations. His service to his clients is second to none. His honesty and integrity have been his claim to fame. 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